Baron Capital Enterprise Inc (BCAP)

[GOLDBUFFALO]

247MGI to Reduce Its Outstanding Shares and Post a Reduction in Liabilities by 40% and a Ten Fold Increase in Assets


247MGI, Inc. (Pink Sheets:TOFS) (“247MGI”) soon to be known as Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) is pleased to announce that the reduction in the Authorized shares has been completed by the State. Once the Company has received the stamped documents it will forward those to the transfer agent.

The Company had set a goal to reduce the Authorized shares again by an additional 200 million prior to the year end and is well on its way to doing so. As of next week, the current number of Outstanding shares of the Company shall be reduced by 100 million shares.

Matt Dwyer, the CEO, stated, “If the price continues to trade in this range the Company will seek to purchase back as many shares as investors are willing to give away. We have worked hard to separate ourselves from the typical company traded on the PinkSheets by reducing the share structure and adding value to the Company, but if some people want to drive the price down then we have a responsibility to our shareholders to grab as many shares as we can.”

The third quarter which ended September 30 has brought tremendous changes to the balance sheet of the Company. The total Liabilities will show a reduction of over 40%, while the Assets of the Company will increase by over 10 fold. This will be the first time in 8 years the Company’s Assets will exceed its Liabilities. The full 3rd quarter financials will be posted by November 1.

During the Fourth quarter the Company will work on generating revenue from its investments and transfer agency, decreasing its liabilities and adding new members to its Board of Directors.

In other news:

The 3rd of the 4 payments to Dr. Peskin will be made on Monday leaving one last payment due on the 26th of October for $36,333. Once this payment is made a release of lien will be filed with the court house in Broward County putting an end to this matter.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.